The entry of major players such as investment firm Fidelity and the governments of UAE and Saudi Arabia instills confidence in the crypto market. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct […]
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The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details on the interbank digital currency they are co-developing. The United Arab Emirates’ (UAE) central bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was […]
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The United Arab Emirates and Saudi Arabia announced an agreement to cooperate on the creation of a cryptocurrency. The United Arab Emirates (UAE) and Saudi Arabia have announced an agreement to cooperate on the creation of a cryptocurrency, UAE official news agency Emirate News Agency reports on Jan. 19. According to the report, the Executive […]
Continue ReadingOfficials have confirmed the country’s FASAH trade platform was linked with TradeLens. Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion. TradeLens, which IBM and Maersk created in August last year, […]
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The efforts of the UAE to introduce relevant crypto regulation will put the county at the forefront of the industry, experts say. The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s […]
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The Securities and Commodities Authority of United Arab Emirates will introduce ICO regulation in the first half of next year. A financial regulator of United Arab Emirates (UAE) will introduce initial coin offering (ICO) regulations in the country by the end of the first half of next year. This development was reported by English-language local […]
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GMT, which describes itself as Israel’s “largest” financial player, is joining Ripple’s network, alongside names such as MoneyGram. Israel-based financial services firm GMT has joined Ripple’s bank and payment provider network, the company confirmed in a recent press release. The result of a “long and precise process,” the move reportedly will help the company remain […]
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The Advisory Council of the United Arab Emirates Banks Federation discussed applying blockchain in its member banks to improve KYC processes. The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17. The Advisory Council of […]
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UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019. United Arab Emirates-based UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019, Reuters reports Dec. 13. According to the report, UAE Exchange, a part of payments and foreign exchange company Finablr, is among the […]
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The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. The United Arab Emirates’ (UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. English-language Dubai-based media outlet GulfNews reported on this collaboration on […]
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